There's a debate as to whether President-elect Donald Trump can enact a sweeping tariff plan with or without congressional approval.
"The tariffs, that most likely is going to require 60 unless there's some way we can get that done through reciliation with 51 ," ScottReconciliation is a way to pass tax and spending bills with a simple majority in the Senate. It avoids a filibuster, which requires 60 votes to overcome.A tariff is a tax on imported goods that is generally passed along to the consumer.
He's proposed others, too, such as a tariff of at least 200% on vehicles from Mexico, and a similar amount on the companyEconomic experts dispute whether Trump's tariff plan, especially the tax on global imports, can be done via executive action.in September that "Trump doesn't have the authority to do this."
However, Trump could "assert national security" or use "a lot of different things in the law" to potentially impose across-the-board tariffs, Jason Furman, a Harvard University professor and former chair of the Council of Economic Advisers during the Obama administration,
Deere & Co Mitch Mcconnell Donald Trump Breaking News: Politics Politics Breaking News: Economy Economy U.S. Economy Government Taxation And Revenue Business News
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sen. Josh Hawley 'delighted' to back Sen. John Cornyn for Senate Majority LeaderSen. Josh Hawley endorsed Sen. John Cornyn for Senate majority leader. Sens. Rick Scott and John Thune are also vying to succeed Sen. Mitch McConnell in the Senate GOP leader slot.
Read more »
Sen. Bill Hagerty Backs Sen. Rick Scott to Be Senate Majority LeaderSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »
Trump resoundingly endorses Texas Sen. Ted Cruz ahead of Tuesday night Senate debateFormer President Donald Trump is supporting Sen. Ted Cruz's reelection bid as the Texas Republican faces Democratic challenger Rep. Colin Allred in the 2024 election.
Read more »
Here's what Sen. Mike Lee wants from the next Senate GOP leaderUtah Sen. Mike Lee has outlined a series of procedural reforms he would like to see the next Republican Senate leader sign on to.
Read more »
Sen. Tom Cotton Barnstorms Nation Campaigning for ‘Rock Solid Republican Senate Majority’Source of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »
Sen. Rick Scott goes on Laura Loomer’s podcast in bid for Senate leaderSenate candidate, fmr. Rep. Debbie Murcarsel-Powell, D-Fla., joins Morning Joe to discuss a national bus tour focused on reproductive rights that kicked off in Florida. Murcarsel-Powell also discusses her bid for the upper chamber against Republican Rick Scott.
Read more »